Decision Outcome –> Decision Model
a. Grouping of products → iii. Aggregate Planning
Aggregate planning involves grouping products into families or categories to plan production and capacity over a medium-term horizon.
b. Allocation of job tasks → iv. Assignment Model
The assignment model is used to allocate jobs or tasks to people or machines in a way that minimizes cost or maximizes efficiency.
c. Evaluating facility location → ii. Transportation Model
The transportation model helps in evaluating facility location decisions by minimizing cost of transporting goods between plants, warehouses, and markets.
d. Demand forecasting → i. Delphi Method
The Delphi method is a qualitative forecasting technique that uses expert opinions and feedback to estimate future demand.